Settings8H · net · $10k
Funding arb · Price arb /

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.029%
Price spread now: SunX against dYdX+0.147%7-day average +0.113% · you sell dearer than you buy
Net, funding: paid 7d − costs−$172as in the Funding arb table
Net, price: spread back to 7d avg − costs−$175as in the Price arb table
costs, in and out, $10k−$1791.788% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.066%+$7 on $10k
Price spread, last 4 days (all we have)−0.243%−$24 · spread now +0.147%, 7d avg +0.113%
Together, before fees−0.177%−$18 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and SunX is 0.035% dearer against dYdX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.113%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX ZEC-USD1,507.30get 0.0000% / 1h13m 29s$419K$34K5x
ShortSunX ZEC-USDT1,509.60.0100get 0.0100% / 8h13m 29s$3K$1.2M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against dYdX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$21
Price spread: +0.147% → +0.113%
$3.46
Slippage, 4 orders
−$160.76
Fee dYdX: 5 bp × 2 orders
−$10
Fee SunX: 4 bp × 2 orders
−$8
Net
−$154.29
Costs to cover
1.788%
Break-even
58.4 days
Slippage from dYdX: live order book, 26 min ago; SunX: live order book, 10 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy dYdX live order book, 26 min ago23.10 bp30.6 bp −$3152.9 bp −$52996.6 bp −$9,661623.7 bp −$311.9K
Sell SunX live order book, 10 min ago29.03 bp68.9 bp −$69doesn't fitdoesn't fitdoesn't fit

ZEC on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ZEC/USDC PERP−0.3442%1h1,479.6−1.842%$36K$275K12xas long as short
Perpl ZEC−0.0447%43m1,506.9−0.029%$62K$303K10xas long as short
BloFin ZEC-USDT−0.0171%8h1,509+0.106%$31.1M$76.4M75xas long as short
Bulk ZEC-USD−0.0108%1h1,495.7−0.772%$810K$100K10xas long as short
Aftermath Perps ZECUSD−0.0086%1h1,503.1−0.283%$48K$58K10xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,505.2−0.143%$6K$1K10xas long as short
dYdX ZEC-USDlong0.0000%1h1,507.3long leg$419K$34K5x
Kalshi KXZECPERP0.0000%8h1,508.9+0.106%$1.5M$4.4M2.2xas long as short
Deribit ZEC_USDC-PERPETUAL0.0000%1h1,507.8+0.029%$689K$1.4M25xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,508.7+0.088%$5.4M150xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ZECUSD+0.0012%1h1,507.8+0.032%$18.1M$47.4M25xas long as short
Ondo Perps ZEC-USD.P+0.0062%1h1,507.4+0.003%$411K$559K5xas long as short
01 Exchange ZECUSD+0.0080%1h1,509.5+0.143%$8K$6K5xas long as short
Orderly PERP_ZEC_USDC+0.0083%8h1,507.8+0.027%$304K$864K20xas long as short
Phoenix ZEC+0.0096%1h1,508.1+0.051%$4.8M$1.4M10xas long as short
Lighter RH ZEC+0.0096%1h1,509.5+0.145%$2.1M$7.5M10xas long as short
Popdex ZECUSDT+0.0096%1h1,509.1+0.116%$180K$1.8M50xas long as short
Katana Perps ZEC-USD+0.0098%8h1,509+0.108%$14K$891K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,508.2+0.054%$62K$19K10xas long as short
Nado ZEC-PERP+0.0100%1h1,508.7+0.091%$3.1M$7.6M10xas long as short
Hyperliquid ZEC+0.0100%1h1,509.4+0.136%$790.1M$441.7M10xas long as short
Aster ZECUSDT+0.0100%8h1,508.3+0.060%$14.1M$30.8M75xas long as short
Pacifica ZEC+0.0100%1h1,508.5+0.078%$1.7M$2.4M10xas long as short
Binance ZECUSDT+0.0100%8h1,508.8+0.099%$705.8M$2.30B75xas long as short
Bybit ZECUSDT+0.0100%8h1,507.8+0.027%$272.2M$620.0M75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,508.1+0.048%$184.3M$1.36B50xas long as short
Gate ZEC_USDT+0.0100%8h1,508.3+0.064%$58.8M$187.3M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,509+0.111%$239.4M$807.1M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,508.8+0.098%$103.6M$56.5M75xas long as short
Bitget ZECUSDT+0.0100%8h1,509+0.110%$163.2M$290.0M75xas long as short
BingX ZEC-USDC+0.0100%8h1,507.8+0.029%$6.7Mas long as short
Variational Omni ZEC+0.0100%8h1,501.9−0.360%$49.1M$34.4Mas long as short
edgeX ZECUSDC+0.0100%4h1,504.8−0.172%$576K$9.1M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,507.4+0.001%$3.1M$510K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,507.5+0.013%$415K$946K50xas long as short
StandX ZEC-USD+0.0100%1h1,505−0.157%$56K$4.6M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,508.9+0.103%$363K$1.6M10xas long as short
Bullet ZEC-USD+0.0100%1h1,508.9+0.104%$176K$189K20xas long as short
Derive ZEC-PERP+0.0100%1h1,506.4−0.066%$460K$438K6.7xas long as short
SunX ZEC-USDTshort+0.0100%8h1,509.6+0.147%$3K$1.2M20x
SoDEX ZEC-USD+0.0100%1h1,507.3−0.005%$255K$3.5M10xas long as short
HTX ZEC-USDT+0.0100%8h1,507.1−0.020%$2.7M$20.8M75xas long as short
Phemex ZECUSDT+0.0100%8h1,507.7+0.021%$4.0M$4.9M50xas long as short
Extended ZEC-USD+0.0104%1h1,508.1+0.050%$2.8M$7.9M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,507.4+0.005%$43K$151K20xas long as short
RISEx ZEC/USDC+0.0128%1h1,509.1+0.115%$950K$1.1M10xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0147% / S −0.0144%1h1,506−0.089%$335K100xas long as short
Lighter ZEC+0.0192%1h1,509.5+0.140%$19.9M$46.4M20xas long as short
Arcus ZEC-USD+0.0403%1h1,509.2+0.122%$607K$8.8M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0416%1h1,508.6+0.083%$3.7M$9.7M50xas long as short
Backpack ZEC_USDC_PERP+0.0494%1h1,508.9+0.105%$2.4M$3.8M15xas long as short